one point mitt romney told the president point blank that if elected, he would repeal his health care law to which the president responded by saying, but we've seen this model work really well in massachusetts. here's part of that exchange. >> i want to take the $716 billion you've cut it and put it back into medicare. by the way, we can include a prescription program. but the idea of cutting $716 billion from medicare to be able to balance the additional cost of obama care is in my opinion a mistake. with regards to young people coming along, i've got proposals to make sure medicare and social security are there for them without any question. >> if you repeal obama care and i have become fond of this term obama care, if you repeal it, what happens is those seniors right away are going to be paying $600 more in prescription care. they're going to have to be paying copays for basic checkups that can keep them healthier and the primary beneficiary of that repeal are insurance companies that are estimated to gainle billions of dollars -- gain billions of dollars back when they aren't making